Investment Journal / Decisions

Pinterest — closing a small position held without a thesis

Decision

Sell by year-end.

Why

It's a small position that fits none of my current principles — there's no reason left to hold it.

Expected outcome

The position is gone by year-end — one less holding with no thesis behind it.

Options not taken

• Keep it to watch the company.

Since the decision

Pinterest +2.5% · Nasdaq-100 (QQQ) -6.7% (Oct 30)
the stock sold has beaten the index — an interim picture; whether it was right is judged on the review date